Closed-End Fund Advisors, Inc.

Q4 2025 13F Combination Report, Stock Holdings

Signature - Title
David Carter - General Counsel
Location
Richmond, VA
Holdings as of
31 Dec 2025
Value $
$169,310,031
Num holdings
185
Filing time
11 Feb 2026, 08:21:58 UTC
Form type
13F-HR
Description
A portion of the US holdings for this investor are reported in this report and a portion are reported by other reporting manager(s). Top holdings included NCDL, BCSF, GBDC, TRIN, and NMFC.
SEC
View on sec.gov
Sym Weight Trade Impact Company Class Share Change Activity Value Change $ Value $ * Price $ Shares Principal
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
David Carter General Counsel Richmond, Virginia 10 Feb 2026

List of Other Managers Reporting for Closed-End Fund Advisors, Inc.:

Name Holdings Value Location File Number
Hennion & Walsh Asset Management, Inc. $2,898,228,539 Parsippany, NJ 028-21238

Other Included Managers (1):

Num Name Location File Number
1 Hennion & Walsh Asset Management, Inc. Parsippany, NJ 028-21238